Cameroon to raise FCFA 72 bln on the BEAC market

As part of its public bonds issuance operations on the market of the Central African States Bank (BEAC), the Cameroonian Treasury will try to raise between FCFA 62 and 72 billion during the second quarter 2016, according to the provisional timetable sent by the Ministry of Finance to central bank of the six countries of the CEMAC zone.

These Cameroonian bond issuances are divided into six issuances of Treasury bills (in French, BTA – Bons du Trésor Assimilables) of FCFA 7 billion each, thus in total FCFA 42 billion; and two Treasury bonds (in French, OTA – Obligations du Trésor Assimiliables) with a maturity of 2 and 3 years, of between FCFA 10 and 15 billion each.

The first operation by the Cameroonian State on this market during the second quarter 2016 took place on 31 March, with the first OTA issuance with a 2-year maturity. The second OTA issuance, with a 3-year maturity this time, is scheduled for June 1, 2016. The first two BTA operations will respectively take place on 13 and April 27.